Ag Growth International Inc.

TSX:AFN Stock Report

Market Cap: CA$334.6m

Ag Growth International Valuation

Is AFN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of AFN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: AFN (CA$17.74) is trading below our estimate of future cash flow value (CA$74.22)

Significantly Below Future Cash Flow Value: AFN is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AFN?

Key metric: As AFN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AFN. This is calculated by dividing AFN's market cap by their current revenue.
What is AFN's PS Ratio?
PS Ratio0.2x
SalesCA$1.42b
Market CapCA$334.58m

Price to Sales Ratio vs Peers

How does AFN's PS Ratio compare to its peers?

The above table shows the PS ratio for AFN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average9.4x
VLN Velan
0.8xn/aCA$345.2m
TBL Taiga Building Products
0.2xn/aCA$399.4m
DPRO Draganfly
35.8x52.12%CA$276.6m
DRT DIRTT Environmental Solutions
0.7x14.68%CA$154.7m
AFN Ag Growth International
0.2x2.59%CA$334.6m

Price-To-Sales vs Peers: AFN is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (9.4x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does AFN's PS Ratio compare vs other companies in the CA Machinery Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.2.1x6.8%
AFN Ag Growth International
 0.2x2.59%US$241.81m
WPRT Westport Fuel Systems
0.1x-63.14%US$35.01m
VMC Vicinity Motor
0.08xn/aUS$2.44m
AFN 0.2xIndustry Avg. 2.1xNo. of Companies5PS012345+
4 CompaniesEstimated GrowthMarket Cap
Industry Avg.2.1x57.9%
AFN Ag Growth International
 0.2x89.23%US$241.81m
No more companies

Price-To-Sales vs Industry: AFN is good value based on its Price-To-Sales Ratio (0.2x) compared to the North American Machinery industry average (2.1x).

Price to Sales Ratio vs Fair Ratio

What is AFN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AFN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: AFN is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AFN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$17.74
CA$22.29
+25.62%
9.20%CA$25.00CA$19.00n/a7
Apr ’27CA$18.42
CA$22.29
+20.99%
9.20%CA$25.00CA$19.00n/a7
Mar ’27CA$27.82
CA$38.57
+38.65%
17.30%CA$52.00CA$30.00n/a7
Feb ’27CA$29.06
CA$38.38
+32.05%
16.01%CA$52.00CA$30.00n/a8
Jan ’27CA$23.20
CA$38.80
+67.24%
24.96%CA$52.00CA$25.00n/a5
Dec ’26CA$20.81
CA$38.80
+86.45%
24.96%CA$52.00CA$25.00n/a5
Nov ’26CA$36.08
CA$52.50
+45.51%
6.93%CA$58.00CA$47.00n/a8
Oct ’26CA$36.43
CA$53.38
+46.51%
5.99%CA$58.00CA$49.00n/a8
Sep ’26CA$42.11
CA$53.38
+26.75%
5.99%CA$58.00CA$49.00n/a8
Aug ’26CA$42.75
CA$51.50
+20.47%
6.93%CA$55.00CA$47.00n/a8
Jul ’26CA$41.65
CA$50.13
+20.35%
6.26%CA$55.00CA$47.00n/a8
Jun ’26CA$37.89
CA$49.00
+29.32%
6.98%CA$55.00CA$43.00n/a7
May ’26CA$32.78
CA$47.63
+45.29%
8.84%CA$55.00CA$40.00n/a8
Apr ’26CA$35.00
CA$47.75
+36.43%
8.49%CA$55.00CA$40.00CA$18.428
Mar ’26CA$35.98
CA$55.50
+54.25%
9.45%CA$65.00CA$45.00CA$27.828
Feb ’26CA$39.23
CA$55.50
+41.47%
9.45%CA$65.00CA$45.00CA$29.068
Jan ’26CA$50.82
CA$72.25
+42.17%
6.41%CA$79.00CA$62.00CA$23.208
Dec ’25CA$52.76
CA$71.63
+35.76%
6.36%CA$79.00CA$62.00CA$20.818
Nov ’25CA$49.87
CA$74.88
+50.14%
8.72%CA$84.00CA$62.00CA$36.088
Oct ’25CA$55.00
CA$78.13
+42.05%
4.31%CA$84.00CA$72.00CA$36.438
Sep ’25CA$56.12
CA$78.13
+39.21%
4.31%CA$84.00CA$72.00CA$42.118
Aug ’25CA$55.63
CA$79.13
+42.23%
4.31%CA$84.00CA$72.00CA$42.758
Jul ’25CA$52.52
CA$79.13
+50.66%
4.31%CA$84.00CA$72.00CA$41.658
Jun ’25CA$52.00
CA$79.13
+52.16%
4.31%CA$84.00CA$72.00CA$37.898
May ’25CA$50.50
CA$78.67
+55.78%
4.40%CA$84.00CA$72.00CA$32.789
Apr ’25CA$63.40
CA$81.44
+28.46%
5.67%CA$88.00CA$72.00CA$35.009
CA$22.29
Fair Value
20.4% undervalued intrinsic discount
7
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/12 15:04
End of Day Share Price 2026/04/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ag Growth International Inc. is covered by 12 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim MonachelloATB Cormark
Peter PrattasCantor Fitzgerald Canada Corporation
Krista FriesenCIBC Capital Markets